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USD Index Price Analysis: Further gains target the 102.60 zone

  • DXY adds to the weekly rebound and trespasses 101.00.
  • Immediately to the upside emerges the 102.60 region.

DXY picks up further impulse and records weekly peaks north of the key 101.00 barrier at the end of the week.

A more serious bullish attempt in the index should clear the 102.60 zone, where the provisional 55-day and 100-day SMAs coincide. North from here aligns the July high in the mid-103.00s seconded by the key 200-day SMA at 104.06.

Looking at the broader picture, while below the 200-day SMA, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price100.99
Today Daily Change40
Today Daily Change %0.16
Today daily open100.83
 
Trends
Daily SMA20101.85
Daily SMA50102.74
Daily SMA100102.65
Daily SMA200103.83
 
Levels
Previous Daily High100.97
Previous Daily Low100.02
Previous Weekly High102.57
Previous Weekly Low99.58
Previous Monthly High104.5
Previous Monthly Low101.92
Daily Fibonacci 38.2%100.61
Daily Fibonacci 61.8%100.38
Daily Pivot Point S1100.24
Daily Pivot Point S299.65
Daily Pivot Point S399.29
Daily Pivot Point R1101.2
Daily Pivot Point R2101.56
Daily Pivot Point R3102.15

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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